Madison Square Garden is planning a large-scale renovation that is expected to be completed in time for the 2013-14 Knicks and Rangers seasons.

Credit: MSG Photos

Wrestlers Triple H, left, and Bruno Sammartino take a look at the progress during the third phase of Madison Square Garden's transformation. (Sept. 13, 2013)

Credit: MSG Photos

Wrestlers Bruno Sammartino, left, and Triple H take a look at the progress during the third phase of Madison Square Garden's transformation on Sept. 13, 2013. Triple H helped bring Sammartino back into WWE's fold after Sammartino's long-time falling out with Vince McMahon.

Credit: Mike Stobe

A general view of the Chase Bridge at Madison Square Garden. (Oct. 24, 2013)

Credit: Mike Stobe

A general view of Madison Square Garden. (Oct. 24, 2013)

Credit: Mike Stobe

From left, Knicks legend Willis Reed, CEO of Chase Consumer and Community Banking Gordon Smith, New York Governor Andrew M. Cuomo, The Madison Square Garden Company's Executive Chairman Jim Dolan and Rangers great Mark Messier cut the ceremonial ribbon at Madison Square Garden. (Oct. 24, 2013)

Credit: AP

Members of the media walk across one of two bridges that span across the arena during a tour of the newly renovated Madison Square Garden. (Oct. 24, 2013)

Credit: AP

Members of the media stand on the basketball court during a tour of the newly renovated Madison Square Garden. (Oct. 24, 2013)

Credit: AP

One of the new Signature Suites was shown to the media during a tour of the newly renovated Madison Square Garden. (Oct. 24, 2013)

Credit: AP

From left, former New York Ranger Mark Messier, former New York Knick Willis Reed, New York Gov. Andrew Cuomo, Madison Square Garden Chairman James Dolan, and the Garden's President and CEO Hank Ratner, watch a video presentation on a giant ceiling screen at the newly renovated Madison Square Garden. (Oct. 24, 2013)

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Members of the media gather on the basketball court during a tour of the newly renovated Madison Square Garden. (Oct. 24, 2013)

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Madison Square Garden revealed a new scoreboard as part of the Garden's renovation.

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A view of the newly constructed "bridges" as part of third phase of the transformation of Madison Square Garden. Each of the two bridges is 223 feet long and 22 feet wide. (Oct. 14, 2013)

Credit: Rebecca Taylor/MSG

A view of the newly constructed "bridges" as part of third phase of the transformation of Madison Square Garden. Each of the two bridges is 223 feet long and 22 feet wide. (Oct. 14, 2013)

Credit: Rebecca Taylor/MSG

A view of the newly constructed "bridges" as part of third phase of the transformation of Madison Square Garden. Each of the two bridges is 223 feet long and 22 feet wide. (Oct. 14, 2013)

Credit: MSG

Rendering of a new eighth floor concourse at Madison Square Garden. The concourse will open for the 2012-2013 season with features being rolled out throughout the season.

Credit: MSG

Ongoing construction that is taking place to renovate Madison Square Garden.

Credit: MSG

A rendering of the new Madison Club at Madison Square Garden.

Credit: Craig Ruttle

The floor at Madison Square Garden surrounded by new seating in the lower bowl, part of the transformation project. (Oct. 19, 2011)

Credit: Craig Ruttle

The Madison Square Garden Company showed off various aspects of the first phase of the transformation of Madison Square Garden. This is a detail from the Rangers locker room. (Oct. 19, 2011)

Credit: Craig Ruttle

This is an architectural model showing what will be a bridge that will be a future part of Madison Square Garden. Expansion also includes the new lower bowl seating area, expanded Garden Concourse (6th floor), viewing Areas on the 8th and 10th floors, Knicks and Rangers locker rooms, Event Level Suites and the new Delta Sky360 Club. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, The Madison Square Garden Company, greets a member of a tour as he shows off the first phase of the transformation of Madison Square Garden. (Oct. 19, 2011)

Credit: Craig Ruttle

New seats are now on the floor of Madison Square Garden, part of the transformation of the famous sports facility. (Oct. 19, 2011)

Credit: Craig Ruttle

Part of the first phase of the Garden Transformation, this is a view of the new Delta Sky360 Club Madison Square Garden. (Oct. 19, 2011)

Credit: Craig Ruttle

The Madison Square Garden Company showed off various aspects of the first phase of the transformation of Madison Square Garden. This is a view in the Rangers locker room. (Oct. 19, 2011)

Credit: Craig Ruttle

A view of the expanded Madison Concourse area on the 6th floor of Madison Square Garden offering more open space, food choices and restrooms during a tour. (Oct. 19, 2011)

Credit: Craig Ruttle

The Madison Square Garden Company showed off various aspects of the first phase of the transformation of Madison Square Garden. This is a detail from the Knicks locker room. (Oct. 19, 2011)

Credit: Craig Ruttle

The Madison Square Garden Company showed off various aspects of the first phase of the transformation of Madison Square Garden. This is a view in the Rangers locker room. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, The Madison Square Garden Company speaks about the Garden from a 10th floor viewing area that features a clear view of the floor. (Oct. 19, 2011)

Credit: Craig Ruttle

Updated hallways with new artwork is part of the Madison Square Garden Transformation. This will include the new lower bowl seating area, expanded Garden Concourse (6th floor), viewing Areas on the 8th and 10th floors, Knicks and Rangers locker rooms, Event Level Suites and the new Delta Sky360 Club. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, The Madison Square Garden Company, speaks at the stairwell of an Event Level Suite at Madison Square Garden as he leads a media tour to point out the transformation of the famous sports facility. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, The Madison Square Garden Company, speaks on the floor of Madison Square Garden as he leads a media tour to point out the transformation of the famous sports facility. (Oct 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, of The Madison Square Garden Company, stands in the expanded Madison Concourse area on the 6th floor offering more open space, food choices and restrooms. (Oct. 19, 2011)

Credit: Craig Ruttle

The Madison Square Garden Company showed off various aspects of the first phase of the transformation of Madison Square Garden, here showing off the new Rangers locker room. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, of The Madison Square Garden Company, speaks to members of the media in the expanded Madison Concourse area on the 6th floor offering more open space, food choices and restrooms, and some areas with window views. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, of The Madison Square Garden Company, speaks to members of the media in the expanded Madison Concourse area on the 6th floor offering more open space, food choices and restrooms, and some areas with window views. (Oct. 19, 2011)

Credit: Craig Ruttle

Hank Ratner, President & CEO, center, of The Madison Square Garden Company, walks along the expanded Madison Concourse area on the 6th floor offering more open space, food choices and restrooms during a tour. (Oct. 19, 2011)

An aerial view of the renovations taking place at Madison Square Garden. (July 20, 2011)

Credit: Rebecca Taylor/MSG Photos

Carmelo Anthony signs autographs for construction workers on the Arena floor. (June 30, 2011)

Credit: Rebecca Taylor/MSG Photos

Carmelo Anthony hangs out with construction workers on the Arena floor. (June 30, 2011)

Credit: Rebecca Taylor/MSG Photos

Carmelo Anthony checks out the progress of the MSG Transformation from the Arena floor. (June 30, 2011)

Credit: Rebecca Taylor/MSG Photos

Carmelo Anthony checks out the progress of the MSG Transformation from the Arena floor.

Credit: Rebecca Taylor/MSG Photos

Henrik Lundqvist checks out the view from a John Deere tractor on the arena floor during renovations of Madison Square Garden. (June 21, 2011)

Credit: Rebecca Taylor/MSG

Henrik Lundqvist stands in the location of his old locker, which has been demolished as part of the renovation of Madison Square Garden. New locker rooms will debut this fall. (June 21, 2011)

Credit: Rebecca Taylor/MSG

Rangers goalie Henrik Lundqvist checks out the progress of the new Event Level Suites during renovations at Madison Square Garden. The suites will debut this fall. (June 21, 2011)

Credit: Angela Cranford/MSG

Rangers goaltender Henrik Lundqvist hangs out with construction workers on a John Deere tractor on the floor of Madison Square Garden, currently under renovation. (June 21, 2011)

Credit: Angela Cranford/MSG

Rangers goaltender Henrik Lundqvist hangs out with construction workers on the floor of Madison Square Garden, which is under renovation. (June 21, 2011)

Credit: Handout

A "bridge" that goes over the arena floor is included in the plans for the renovated Madison Square Garden. (May 6, 2010)

Rendering of the upper party deck at the renovated Madison Square Garden.

Rendering of an upper level concourse, with open views to the city and the arena bowl, at the renovated Madison Square Garden

An artist's rendering of an upper concourse at the renovated Madison Square Garden.

Rendering of the entrance to the renovated Madison Square Garden.

A view of the plans for a lower level suite at the renovated Madison Square Garden.

View of a proposed lower level concourse at the renovated Madison Square Garden

Diagram of the proposed improved sightlines at the renovated Madison Square Garden.

An artist's rendering of a new event level suite at Madison Square Garden.

Credit: Madison Square Garden

An artist's rendering of the proposed "Blue Seat Bar" at Madison Square Garden.

The proposed design of the bowl of the arena at Madison Square Garden.

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